Malaysia Aug CPI +3.1% on Year; +3.0% Expected

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The FINANCIAL — Consumer prices in Malaysia rose a higher-than-expected 3.1% in August from a year earlier, led by increases in housing, water, electricity and other fuels index, official data released on September 23 show, according to Nasdaq.

The consumer-price index remained unchanged from July, the Department of Statistics data show.

The CPI, the country’s main gauge of inflation, had been expected to rise by 3.0% on-year in August from a year earlier, according to a median forecast of 11 economists polled by The Wall Street Journal.

The year-over-year rise compares with July’s 3.3% gain.

The latest CPI gain was led by a 0.7% increase in the index for the housing, water, electricity, gas and other fuel, the government department said.

 

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